Real Estate

mansfield house sells for 50k above asking price despite passing in at auction

Written by The ReReport

The house at 16 Sandringham St, Mansfield, sold for $1,070,000.

A MANSFIELD Tudor-style home sold above the seller’s expectations after passing in at auction.
LJ Hooker Sunnybank Hills agent Kosma Comino said when the 16 Sandringham St house went to auction about a month ago, there was only one registered bidder, and the property passed in at $851,000.

The house passed in at auction.

However, once the house went to market, interest exploded.
“I priced it at $1,020,000,” Mr Comino said.
“We got six offers after auction (and) out of those, five were new buyers.”

However, a price on the listing post-auction drew six written offers.

Mr Comino said due to the grand presence of the house, buyers had assumed the house was out of their price bracket before auction.
“It’s a really big house and it looks really special online,” Mr Comino said.
“Everyone thought it would be $1.5 million, so when they saw it at $1,020,000, that created a lot of excitement in the market.”

The price sparked a bidding war.

This excitement created a bidding war, resulting in the house being sold for $1,070,000 — $50,000 more than the asking price.
It was purchased by a young family who loved its Tudor style, and enjoyed the fact their children could walk to the nearby school.

The house sold for $50,000 above asking price.

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